Asia Markets Rally, Europe Rises Amid UK's Mild Recovery, Gold Shines Near $1,900 - Global Markets Today While US Was Sleeping

On Wednesday, October 11, the U.S. stock markets closed in the green, marking a four-day winning streak. Investors are keenly awaiting the consumer inflation data for September, a critical factor that could influence the Federal Reserve’s impending decision on whether to increase or decrease interest rates.

The majority of sectors in the S&P 500 ended positively, with real estate and utilities leading the gains, while energy and consumer staples sectors experienced a decline.

The Dow Jones Industrial Average saw a rise of 0.19%, ending at 33,804.87, while the S&P 500 increased by 0.43% to close at 4,376.95. The Nasdaq Composite also rose 0.71% to close at 13,659.68.

Asian Markets Today

• Japan’s Nikkei 225 closed higher by 0.71% at 32,488.50 on Thursday, with investors snapping up undervalued stocks, particularly in the chip sector.
• Australia’s S&P/ASX 200 gained slightly 0.04% to close at 7,091.00, led by gains in financials and gold stocks.
• China’s Shanghai Composite increased by 0.94% to end the session at 3,107.90, and the Shenzhen CSI 300 rose 0.95%, closing at 3,702.38.
• Hong Kong’s Hang Seng Index gained 1.84% and closed at 18,257.00.

Eurozone at 06:00 AM ET

• The European STOXX 600 index was up 0.78%.
• Germany’s DAX increased 0.66%.
• France’s CAC rose 0.52%.
• The U.K.’s FTSE 100 traded higher by 0.81%. The country’s economy saw a 0.2% growth in August, rebounding from a 0.5% contraction in July due to disruptions in the NHS and railway sectors. Inflation also dropped to 6.7%.

Commodities at 06:00 AM ET

• Crude Oil WTI was trading higher by 0.83% at $84.18/bbl, and Brent was up 1.06% at $86.73/bbl.
• Natural Gas slid 1.01% to $3.348.
• Gold was trading higher by 0.38% at $1,894.50, Silver rose 0.92% to $22.337, and Copper increased 0.67% to $3.6360.

US Futures at 06:00 AM ET

Dow futures were up 0.35%, S&P 500 futures increased 0.37%, while Nasdaq 100 futures rose by 0.36%.

Forex at 06:00 AM ET

The U.S. Dollar Index was down 0.10% to 105.71. USD/JPY declined 0.01% to 149.14, and AUD/USD gained by 0.06% to 1.5600.